An agreement to sell the entire production of a particular plant to a particular purchaser is a requirements contract

Indicate whether the statement is true or false


False

Business

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Working Capital is determined by

a. None of the answers listed b. dividing Current Assets by Current Liabilities. c. subtracting Current Liabilities from Current Assets. d. adding Current Liabilities to Current Assets.

Business

When accounting for inventory, a controlling account and a subsidiary ledger may be used

Indicate whether the statement is true or false

Business

Favorite Memories is a small company that specializes in serving women over the age of 50 who are special occasion gift shoppers overlooked by major competitors. Which of the following best describes Favorite Memories' market targeting strategy?

A) undifferentiated targeting B) custom marketing C) differentiated targeting D) concentrated targeting E) mass customization

Business

Which of the following is a type of incentive compensation?

a. Health insurance b. Profit-sharing plans c. Pension plans d. Flexible spending programs

Business